The use of the following words and phrases are restricted or prohibited by statute* in the name of a Business Corporation (“BC”), Not-for Profit Corporation (“N-PC”), Limited Liability Company (“LLC”) and/or Limited Partnership (“LP”) in the State of New York
academy | cooperative | institute | preschool |
acceptance | cooperation | insurance | redevelopment |
“America Espirito Sport Fraternite” | council | investment | savings |
annuity | doctor | kindergarten | school |
arboretum | education | labor | secondary |
assurance | elementary | lawyer | state police |
attorney | endowment | library | state trooper |
bank | exchange | loan | surety |
benefit | fidelity | mortgage | tenant relocation |
blind | finance | museum | title |
board of trade | guaranty | nursery school | trust |
casualty | handicapped | Olympiad | underwriter |
chamber of commerce | historical | Olympic | union |
“Citius Altius Fortius” | historical society | Pan-American | United Nations |
college | history | Paralympiad | university |
community renewal | incorporated | Paralympic | urban development |
conservatory | indemnity | partnership | urban relocation |
corporation | industrial organization | prekindergarten |
Word or Phrase | Restricted or Prohibited |
Entity Type(s) Affected |
Required Consent (if applicable) |
Statute(s) (See code identification listing at bottom of chart) |
academy | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
acceptance | Restricted | BC N-PC LLC LP |
Banking | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
“America Espirito Sport Fraternite” | Restricted | BC N-PC LLC LP |
US Olympic Committee | 36 U.S.C. §220506 |
annuity | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
arboretum | Restricted | BC LLC LP EL |
Board of Regents and Commissioner of Education |
BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) EL §216 |
assurance | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
attorney | Prohibited | LLC | LLCL §204(f) Judiciary Law §485 |
|
bank | Restricted | BC N-PC LLC LP |
Banking Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
benefit | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
blind | Restricted | BC LLC LP |
Social Services | BCL §301(a)(7) LLCL §204(g) PL §121-102(3)(C) |
board of trade | Prohibited | BC LLC LP |
BCL §301(a)(5)(A) LLCL §204(e) PL §121-102(3)(A) |
|
bond | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
casualty | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
chamber of commerce | Prohibited | BC LLC LP |
BCL §301(a)(5)(A) LLCL §204(e) PL §121-102(3)(A) |
|
“Citius Altius Fortius” | Restricted | BC N-PC LLC LP |
US Olympic Committee | 36 U.S.C. §220506 |
college | Restricted | BC LLC LP |
See “university” for details Board of Regents and Commissioner of Education |
BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) Education Law §224(1)(a) |
communityrenewal | Prohibited | BC LLC LP |
BCL §301(a)(5)(A) LLCL §204(e) PL §121-102(3)(A) |
|
conservatory | Restricted | BL LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
corporation | Prohibited | LLC | LLCL §204(e) | |
cooperative | Prohibited | BC N-PC LLC LP |
Cooperative Corporations Law §3(j) |
|
cooperation | Prohibited | BC N-PC LLC LP |
Cooperative Corporations Law §3(j) |
|
council | Restricted | BC N-PC |
See “union” for details. | BCL §301(a)(6) N-PCL §404(j) |
doctor | Restricted | BC N-PC LLC |
See Endnote (1) for details. |
BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) |
education | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
elementary | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
endowment | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
exchange | Restricted | BC LLC LP |
Attorney General | BCL §301(a)(10) LLCL §204(h) PL §121-102(3)(D) |
fidelity | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
finance | Restricted | BC N-PC LLC LP |
Banking Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
guaranty | Restricted | BC N-PC LLC LP |
Banking Department and Insurance Department |
BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
handicapped | Restricted | BC LLC LP |
Social Services | BCL §301(a)(7) LLCL §204(g) PL §121-102(3)(C) |
historical | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
historical society | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
history | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
incorporated | Prohibited | LLC | LLCL §204(e) | |
indemnity | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
industrial organization | Restricted | BC N-PC |
See “union” for details. | BCL §301(a)(6) N-PCL §404(j) |
institute | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
insurance | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
investment | Restricted | BC N-PC LLC LP |
Banking | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
kindergarten | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
labor | Restricted | BC N-PC |
See “union” for details. | BCL §301(a)(6) N-PCL §404(j) |
lawyer | Restricted | BC N-PC LLC |
See Endnote (2) for details. |
BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) |
library | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
loan | Restricted | BC N-PC LLC LP |
Banking Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
mortgage | Restricted | BC N-PC LLC LP |
Banking Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
museum | Restricted | BC LLC LP |
Commissioner of Education |
BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) EL §216 |
Olympiad or Olympic or Pan-American or Paralympiad or Paralympic |
Restricted | BC N-PC LLC LP |
US Olympic Committee |
36 U.S.C. §220506 |
partnership | Prohibited | LLC | LLCL §204(e) | |
prekindergarten | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
preschool | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
redevelopment | Prohibited | BC N-PC |
Prohibited for BC’s and N-PC’s, except for redevelopment companies under the PHFL. |
Private Housing Finance Law § 205(3) |
savings | Restricted | BC N-PC LLC LP |
Banking Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
school | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
secondary | Restricted | BC LLC LP |
Education | BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) |
state police or ———— state trooper |
Prohibited
———– Restricted |
BC LLC LP ——N-PC |
—————————- Can be used by a N-PC whose membership is composed exclusively of state policemen or state troopers, as the case may be. |
BCL §301(a)(5)(A) LLCL §204(e) PL §121-102(3)(A) ———————– N-PCL §301(a)(5)(A) |
surety | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
tenant relocation | Prohibited | BC LLC LP |
BCL §301(a)(5)(A) LLCL §204(e) PL §121-102(3)(A) |
|
title | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
trust | Restricted | BC N-PC LLC LP |
Banking Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
underwriter | Restricted | BC N-PC LLC LP |
Insurance Department | BCL §301(a)(5)(B) N-PCL §301(a)(5)(B) LLCL §204(f) PL §121-102(3)(B) |
union or council or industrial organization or labor |
Restricted ————- Restricted |
BC ——— N-PC |
Approval of Industrial Board of Appeals may be required. See Endnote. (3) —————————- Approval of Industrial Board of Appeals may be required. >See Endnote. (4) |
BCL §301(a)(6) ———————— N-PCL §404(j) |
United Nations | Restricted | BC N-PC LLC LP |
Secretary General of the United Nations. |
General Business Law §141 |
university | Restricted | BC LLC LP |
Board of Regents and Commissioner of Education See endnote (5) for details |
BCL §301(a)(11) LLCL §204(i) PL §121-102(a)(3)(A) Education Law §224(1)(a) |
urban development | Prohibited | BC LLC LP |
BCL §301(a)(5)(A) LLCL §204(e) PL §121-102(3)(A) |
|
urban relocation | Prohibited | BC LLC LP |
BCL §301(a)(5)(A) LLCL §204(e) PL §121-102(3)(A) |
|
• BCL = Business Corporation Law • N-PCL = Not-for-Profit Corporation Law • LLCL = Limited Liability Company Law • PL = Partnership Law • EL – Education Law • U.S.C. = United States Code |